Promoting Product Market Competition to Reduce Unemployment in Europe: An Alternative Approach?
In this paper, we employ general equilibrium reasoning to review whether product market reforms could help to reduce unemployment in Europe. We consider three potential effects of product market reforms: lowering markups, fostering productivity gains and inducing a more rapid expansion of the product mix. We argue that product market reforms will help to reduce unemployment under most circumstances. Productivity improvements will increase aggregate unemployment only if workers are immobile and unemployment is concentrated in a few sectors. Employment effects remain positive or are even reinforced if wage adjustments occur. Using recent industry studies, we suggest that product market reforms can reduce unemployment significantly, but labor market reforms remain unavoidable nevertheless. Copyright 2000 by WWZ and Helbing & Lichtenhahn Verlag AG
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 53 (2000)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 |
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0023-5962|
When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:53:y:2000:i:2:p:117-33. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.